The Impact of COVID-19 on the Warehouse Rental Market in Vancouver

While the initial shock of the COVID-19 pandemic has worn off, the lasting impacts are still seen in our daily lives, and no area is more apparent than in the logistics industry. The COVID-19 pandemic has caused a frenzy in the warehousing rental market, with more and more companies vying for limited space.

Additionally, as a result of the pandemic, many buyers have shifted their purchasing habits to online shopping. While this has helped to cool the spread of COVID-19, it has put a strain on the logistics industry, with more and more people expecting same-day or next-day delivery.

To account for the growing demand of direct to consumer and direct-to-business orders, companies are now renting warehouses in critical North American cities, such as Vancouver, to store products closer to the end consumer.

As a result, it is no longer just local Vancouver businesses competing for warehousing rental space. The market is now fiercer than ever and includes established international companies.

How Can Businesses Find Rental Warehousing in Vancouver?

As a business owner, it has never been more challenging to find warehousing space. With the growing international competition and the shortage of real estate space, finding rental warehousing space in Vancouver is nearly impossible.

The best way to succeed is by working with an established Canadian logistics network comprised of dedicated Vancouver warehouses. At Canadian Industrial Real Estate Affiliation, we specialize in the rental warehousing market in Vancouver. We have access to private warehouses that outsiders cannot find. Use our website today to get a quote from our warehouse directory.

The Canadian Industrial Real Estate Affiliation (CIREA) is an affiliation containing accredited warehouse owners in key Canadian cities such as Vancouver, Toronto, and Montreal. Our affiliation connects warehouse owners looking to sell or lease their property, with businesses in need of Canadian warehousing space.